TMCnet News
Finance Accounting Business Process Outsourcing Market to grow at 7.85% CAGR from 2023 to 2028, Accenture Plc, Alight Solutions LLC, Amdocs Ltd. among Key Contributors to growth - TechnavioNEW YORK, Jan. 25, 2024 /PRNewswire/ -- The global finance accounting business process outsourcing market size is estimated to grow by USD 27.30 billion from 2023 to 2028, according to Technavio. The market is estimated to grow at a CAGR of 7.85% during the forecast period. Some major companies include Accenture Plc, Alight Solutions LLC, Amdocs Ltd., Anderson Business Solutions Pvt. Ltd., Capgemini Service SAS, Cognizant Technology Solutions Corp., Concentrix Corp., Deloitte Touche Tohmatsu Ltd., ExlService Holdings Inc., Genpact Ltd., HCL Technologies Ltd., Infosys Ltd., International Business Machines Corp., NTT DATA Corp., Oracle Corp., Tata Consultancy Services Ltd., Tech Mahindra Ltd., Wipro Ltd., WNS Holdings Ltd., and Datamatics Global Services Ltd. For more insights on the historical data (2017 to 2021) and forecast size (2023 to 2027) - Request a sample report
Which segment is significant during the forecast period?
Which region offers significant growth during the forecast period?
Insights on the contribution of various segments including country and region wise historical data (2017 to 2021), and forecast market size (2023 to 2027) - Download a Sample Report What is one of the major factors driving the growth during the forecast period? The focus on reducing operational costs significantly drives growth. By outsourcing various business processes, including accounting, payroll, and financing, organizations aim to minimize operating costs, enhance efficiency, and achieve objectives like expanding customer base and improving relationships. This trend fuels growth during the forecast period. What is a major hindrance to the growth during the forecast period? Although trends like the rising number of acquisitions and partnerships by companies fuel the growth, challenges such as the inability to offer proven finance accounting services hamper the growth during the forecast period. Insights on Drivers, trends, & Challenges, historic period(2017 to 2021), and forecast period(2023 to 2027)- Request a sample report! What are the key data covered in this report?
Gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform What are some important factors to be considered? The market witnesses significant growth, driven by organizations' focus on cost reduction, compliance, and risk management. Outsourced finance functions, accounting software, and technology integration contribute to enhanced business and financial management. The global market experiences growth with the increasing adoption of BPO services and the optimization of finance and accounting processes. Related Reports: The structured finance market size is estimated to grow at a CAGR of 11.8% between 2023 and 2028. The market size is forecast to increase by USD 997.68 billion. The Decentralized Finance (DeFi) Market size is estimated to grow at a CAGR of 40.32% between 2022 and 2027 and the size of the market is forecast to increase by USD 99,652 million. ToC 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation by End-user 7 Market Segmentation by Application 8 Customer Landscape 9 Geographic Landscape 10 Drivers, Challenges, and Trends 11 Vendor Landscape 12 Vendor Analysis 13 Appendix About US Contact
SOURCE Technavio 
|
View original content to download multimedia: